A Lean and Efficient IBA/Self Serve - MI

UNDER CONTRACT
ASKING PRICE:
$1,200,000

Listing Summary

Model
IBA + Self Service
Sites
One
Tunnel
Bays
Six
State
Michigan
Sales
406K
Profit
274K
Financing
Available
Land
Included

CONTACT

Please reach out to Damien Nguyen at 929-581-2196 or damien@carwashadvisory.com for more information.

OVERVIEW

This opportunity represents an efficient IBA and Self-Serve location with strong brand recognition and operations in its respective area.

SITE

The site sits on a 0.40-acre lot and shares an agreement with the owner of a gas station next door, generating a percentage of sales with each pump that includes a wash.

FACILITY AND EQUIPMENT

Approximately $50,000 in capital expenditures have been invested in this location over the past 3 years. Crypto pay is set up for each self-serve bay, Wash Clubs & App for the automatic.

PERSONNEL AND SETUP

Only 1 Full-Time employee is needed to maintain the operations of this site.

FINANCIALS

The wash incurs high EBITDA margins and year over year revenue growth due to its lean business operations. 2022 garnered $328K in revenue whereas 2023 is projected to produce $406K in revenue.

FINANCING

Financing is available in the ways of conventional bank financing and SBA financing.

Inquire Today

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